Altria (MO)
The tobacco giant reported its first quarter earnings for 2016. Net revenues totaled $6.06 billion, up from $5.8 billion the same three months of 2015. Profits totaled $1.21 billion, compared to $1.01 billion the same quarter last year.
Brink’s (BCO)
The armored car giant reported its first quarter earnings for 2016. Revenues totaled $721.8 million, down from $776.1 million the same three months of 2015. The company reported a net loss of $500,000, compared to a loss of $9.5 million the same quarter last year.
CarMax (KMX)
CEO Thomas Folliard sold 18,906 shares of common stock at $52.27 per share for a profit of $988,216.
Director Edgar Grubb exercised stock options totaling 7,610 shares of common stock valued at $110,268.
VP Natalie Wyatt sold 1,366 shares of common stock at $55.18 per share for a total of $75,375.
Executive VP Eric Margolin acquired 19,598 shares of common stock that will vest over four years through April 27, 2020.
Community Bankers Trust (ESXB)
The parent of Essex Bank released its first quarter earnings reporting net income of $2.4 million, compared to $1.3 million in the same period last year. Its loan portfolio grew to $812 million from $734 million. Total deposits reached $934 million, up from $915 million. Total assets at quarter’s end were $1.16 billion, compared to $1.13 billion. Total nonperforming assets, comprised of non-accrual loans and foreclosed real estate, were $16.02 million, down from $24 million in the same period last year.
Dominion (D)
The power utility reported its first quarter earnings for 2016. Operating earnings totaled $572 million, down from $584 million the same quarter last year. Profits totaled $524 million, down from $536 million the same three months last year.
Genworth Financial (GNW)
The insurer swung back into the black during the first quarter, reporting net income of $53 million. But that was down from the same period last year when it had net income of $154 million. The company also said in its earnings that it continues to take steps to “isolate” its long-term care insurance business, which has been a cause of large annual losses the last couple of year. It said it expects to complete the previously announced sale of its European mortgage insurance business to AmTrust Financial Services during the second quarter, which should result in proceeds of $50 million.
Markel (MKL)
The insurance underwriter reported its first quarter earnings for 2016. Revenues totaled $1.37 billion, up from $1.3 billion the same three months of 2015. Profits totaled $163 million, compared to $194 million the same quarter last year.
Media General (MEG)
The company filed an amended annual report for 2015 that details compensation packages for several top executives. CEO Vincent Sadusky received a compensation package totaling $5.96 million, including a salary of $900,000, stock awards totaling $4.5 million and other income.
New Market (NEU)
The petroleum-focused holding company filed its latest quarterly earnings report. Profits for the quarter ending March 31 totaled $61.9 million, down from $63.9 million the same quarter last year.
Owens & Minor (OMI)
The healthcare logistics company reported its first quarter earnings for 2016. Net income totaled $24.1 million, up from $18.9 million the same quarter last year.
Performance Food Group (PFGC)
The Goochland-based foods distributor reported its first quarter earnings for 2016. Net sales totaled $3.9 billion, up from $3.79 billion the same quarter last year. Profits totaled $9.4 million, up from $2.9 million the same quarter last year.
Tredegar (TG)
The plastic and aluminum parts manufacturer reported its first quarter earnings for 2016. Revenues totaled $207.3 million, up from $234.1 million the same quarter last year. Profits totaled $7.2 million, down from $9.8 million the same quarter last year.
Union Bankshares (UBSH)
The parent of Union Bank & Trust declared a quarterly dividend of $0.19 per share.
WestRock (WRK)
The packaging giant reported its second quarter earnings for fiscal year 2016. Net sales totaled $3.69 billion, up from $2.45 billion the same quarter last year. Net income was $100.2 million, compared to $166.2 million the same quarter last year.
Altria (MO)
The tobacco giant reported its first quarter earnings for 2016. Net revenues totaled $6.06 billion, up from $5.8 billion the same three months of 2015. Profits totaled $1.21 billion, compared to $1.01 billion the same quarter last year.
Brink’s (BCO)
The armored car giant reported its first quarter earnings for 2016. Revenues totaled $721.8 million, down from $776.1 million the same three months of 2015. The company reported a net loss of $500,000, compared to a loss of $9.5 million the same quarter last year.
CarMax (KMX)
CEO Thomas Folliard sold 18,906 shares of common stock at $52.27 per share for a profit of $988,216.
Director Edgar Grubb exercised stock options totaling 7,610 shares of common stock valued at $110,268.
VP Natalie Wyatt sold 1,366 shares of common stock at $55.18 per share for a total of $75,375.
Executive VP Eric Margolin acquired 19,598 shares of common stock that will vest over four years through April 27, 2020.
Community Bankers Trust (ESXB)
The parent of Essex Bank released its first quarter earnings reporting net income of $2.4 million, compared to $1.3 million in the same period last year. Its loan portfolio grew to $812 million from $734 million. Total deposits reached $934 million, up from $915 million. Total assets at quarter’s end were $1.16 billion, compared to $1.13 billion. Total nonperforming assets, comprised of non-accrual loans and foreclosed real estate, were $16.02 million, down from $24 million in the same period last year.
Dominion (D)
The power utility reported its first quarter earnings for 2016. Operating earnings totaled $572 million, down from $584 million the same quarter last year. Profits totaled $524 million, down from $536 million the same three months last year.
Genworth Financial (GNW)
The insurer swung back into the black during the first quarter, reporting net income of $53 million. But that was down from the same period last year when it had net income of $154 million. The company also said in its earnings that it continues to take steps to “isolate” its long-term care insurance business, which has been a cause of large annual losses the last couple of year. It said it expects to complete the previously announced sale of its European mortgage insurance business to AmTrust Financial Services during the second quarter, which should result in proceeds of $50 million.
Markel (MKL)
The insurance underwriter reported its first quarter earnings for 2016. Revenues totaled $1.37 billion, up from $1.3 billion the same three months of 2015. Profits totaled $163 million, compared to $194 million the same quarter last year.
Media General (MEG)
The company filed an amended annual report for 2015 that details compensation packages for several top executives. CEO Vincent Sadusky received a compensation package totaling $5.96 million, including a salary of $900,000, stock awards totaling $4.5 million and other income.
New Market (NEU)
The petroleum-focused holding company filed its latest quarterly earnings report. Profits for the quarter ending March 31 totaled $61.9 million, down from $63.9 million the same quarter last year.
Owens & Minor (OMI)
The healthcare logistics company reported its first quarter earnings for 2016. Net income totaled $24.1 million, up from $18.9 million the same quarter last year.
Performance Food Group (PFGC)
The Goochland-based foods distributor reported its first quarter earnings for 2016. Net sales totaled $3.9 billion, up from $3.79 billion the same quarter last year. Profits totaled $9.4 million, up from $2.9 million the same quarter last year.
Tredegar (TG)
The plastic and aluminum parts manufacturer reported its first quarter earnings for 2016. Revenues totaled $207.3 million, up from $234.1 million the same quarter last year. Profits totaled $7.2 million, down from $9.8 million the same quarter last year.
Union Bankshares (UBSH)
The parent of Union Bank & Trust declared a quarterly dividend of $0.19 per share.
WestRock (WRK)
The packaging giant reported its second quarter earnings for fiscal year 2016. Net sales totaled $3.69 billion, up from $2.45 billion the same quarter last year. Net income was $100.2 million, compared to $166.2 million the same quarter last year.
You folks could do yourself a solid by learning the differences between the various terminology used for reporting earnings. I assume there is learning to be had because no reporter that understands the differences between some of the terms used would write about them as they are above….at least with out a simple clarifications like the difference between Dominonions “operating earnings” and “profits” (which is gaap reported net income vs. net income after adjustments for certain non-recurring items, for example). If you was business people to read and respect the content here….which is often very informative and Of high quality….you… Read more »
…and please excuse my typos I’m on a device while on a plane….:)